Fintech firm One97 Communications on Thursday said its subsidiary Paytm Payments Services Limited (PPSL), has received authorisation from the Reserve Bank of India to operate as a Payment Aggregator for physical (offline) payments and cross-border transactions.
The approval is in addition to the authorisation for Online Payment Aggregation already granted by the central bank to PPSL last month.
"Reserve Bank of India (RBI) on December 17, 2025 has authorised Paytm Payments Services Limited (PPSL), a wholly-owned subsidiary of One 97 Communications Limited, to operate as a Payment Aggregator for Physical (offline) payments and Cross-Border transactions (both inward and outward), in addition to the online Payment Aggregator authorisation already granted by RBI on November 26, 2025, under the Payment and Settlement Systems Act, 2007, Paytm said in a regulatory filing.
With the new license, PPSL now holds Payment Aggregator authorisations across online, offline, and cross-border segment

paytm

The approval is in addition to the authorisation for Online Payment Aggregation already granted by the central bank to PPSL last month

Press Trust of India

The DFS on Tuesday convened a meeting to review the IPO plans of three regional rural banks-Haryana Gramin Bank, Kerala Gramin Bank and Tamil Nadu Grama Bank

initial public offering, IPO

Business Standard

HDFC Bank has lowered its fixed deposit rates by 15 bps for select tenors on deposits below Rs 3 crore, bringing its peak deposit rate down to 6.45% from December 17

HDFC Bank

The rupee rallied 0.7% to 90.25 in early trading after opening a tad lower on the day at 91.07

Reserve Bank of India, RBI

Reuters

The Centre projected a net revenue loss of about ₹47,000 crore due to GST rate rationalisation, even as higher taxation on select goods was expected to partly offset the impact

CGST Act set to see key amendments in Budget session

The rupee is among the worst-performing currencies globally this year, sliding 6% against the dollar

Rs, Rupee, Cash, Credit, Economy, Saving, Payment, Indian Currency

The Reserve Bank of India's (RBI) projections suggested rates "should remain low for a long period of time, governor said

Sanjay Malhotra, RBI, RBI Governor

mutual fund

Here are the best premiums for health insurance policies that are especially tailored for young women working in urban centres

GST relief on health insurance: Council likely to take up 4 options

While property prices remain high, state-owned lenders are providing vital relief by holding interest rates at competitive levels

Loan, Home Loan, Money

With QR-verified, tamper-proof digital extracts now accepted by banks, courts and registrars, preliminary checks for developers, lenders and investors become faster and more reliable.

Anand Lakhotia is the Managing Director and Co-Head of Real Estate Fund at Motilal Oswal Alternates.

State-owned lenders are lead year-end financing deals by slashing interest costs to attract customers

Planning to take pre-owned car loan? 7 points that you should keep in mind

car loan

Following the RBI's repo rate cut, major public-sector lenders are offering relief to home and auto loan borrowers

Home Loan Eligibility

India is fast emerging as the world's most attractive market for global universities, with foreign institutions accelerating their India-entry plans

Study abroad, students

End users should look beyond prime locations to emerging corridors and peripheral micro-markets that offer better pricing without compromising long-term liveability

Real estate

The move is taking the form of a reduction in discount on next year's premium once a policyholder has made a claim

health insurance

Net liquidity fell into deficit after seven weeks; net liquidity in the banking system was in a deficit of ₹68,586 crore on Wednesday

The Finance Ministry on Thursday unveiled a new logo for Regional Rural Banks (RRBs) to signify a single and unified brand identity.
On the principle of 'One State One RRB', the Department of Financial Services, Ministry of Finance, has consolidated 26 Regional Rural Banks (RRBs) across 11 states/UTs, effective from May 1, 2025.
The reform marks a crucial step toward building stronger and more efficient RRBs. Presently, 28 RRBs continue to serve the nation through an extensive network of over 22,000 branches in more than 700 districts.
As part of creating a single and unified brand identity for the RRBs after the major amalgamation drive, a common logo for the 28 RRBs has been unveiled, the Finance Ministry said in a statement.
This marks an important step toward strengthening the identity and visibility of these institutions serving the rural communities, it added.
The colours of the RRB logo have been chosen to convey the objectives of the RRBs, it said, adding that dark blue ..

Finance Ministry, Deposit insurance limit, Reserve Bank of India, Sanjay Malhotra, RBI

On the principle of 'One State One RRB', the Department of Financial Services, Ministry of Finance, has consolidated 26 Regional Rural Banks (RRBs) across 11 states/UTs, effective from May 1, 2025

Dream11 tops Wizikey's Newsmakers 2025 list as India's most visible startup; Zepto and OYO complete the top three

Dream11

C S Setty says effective liability management will help the bank to protect its margin above 3%

CS Setty, SBI Chairman

Japanese firm OKI sets up a new manufacturing plant in India, banking on strong demand for cash machines and recyclers even as digital transactions soar

Rupinder Sandhu Anand

Jairam Sridharan, MD & CEO, Piramal Finance shares the rationale of the entire exercise and the growth roadmap for the upper layer NBFC in a conversation with Aathira Varier and Manojit Saha in Mumbai

Jairam Sridharan, Managing Director, Piramal Capital and Housing Finance

Ananth Shroff, cofounder and chief executive officer of DPDzero, which uses artificial intelligence (AI) for debt collections, interacted with Raghu Mohan via email

Ananth Shroff

IRDAI chief outlines priorities on GST reforms, capital efficiency, Bima Sugam rollout, and risk-based supervision, promising orderly growth and stronger policyholder protection

Ajay Seth, chairman, Insurance Regulatory and Development Authority of India (Irdai) (Photo: Kamlesh Pednekar)

The insurance sector is at a critical juncture. Despite impressive growth in premium income – from Rs 1 trillion in FY05 to more than Rs 6.7 trillion in FY24 – the sector has yet to fully realise its potential in terms of broader penetration and impr

Bima Stack makes purchasing insurance simpler, speeds up claims and strengthens access to products. It gives people control over their data

The aspirations of a young India and increased income levels have encouraged companies to consider mergers and acquisitions (M&A) to keep up with demand. In a world where consumer preferences change dramatically, M&As provide companies the means to r

M&A activity in India has largely been unaffected by geopolitical uncertainty

Digital underwriting is not just about making decisions quickly through automation: It ensures greater financial inclusion and improves risk control

Fintechs in the country have grown in the last decade, both in the number of entities and scale. The key growth sectors have been payments, credit, insurance and wealth management, fuelled by angel investors, venture capital (VC) and private equity.

Fintechs in India have a young, technologically savvy population and a well-placed digital infra. Steps taken to ensure regulatory clarity and transparency are improving investor sentiment

money cash merger demerger acquire acquisition

The success of National Urban Cooperative Finance and Development Corporation will revive public confidence in the sector and provide regulatory comfort

For LIC, the proposed legislative changes will help the company in strengthening its reach, leveraging technology at scale, and for universal insurance coverage

R Doraiswamy

Irdai noted that once infrastructure projects begin commercial operations, their cash flows become more predictable and regulated, significantly reducing funding risks

IRDAI, INSURANCE, FINANCE

The Insurance Amendment Bill empowers IRDAI to limit high commissions, reclaim unlawful gains, and strengthen oversight of intermediaries while opening new investment avenues for insurers

Insurance, Insurance sector

The measure is an "enabler" that will help draw interest from global investors in the pension fund sector over time

insurance

Bloomberg

Nirmala Sitharaman further noted that India needs further capital infusion into the insurance sector

Union Finance Minister Nirmala Sitharaman

Finance News: Get latest Banking news, Reserve Bank of India news, FIIs, NBFC, Insurance news, SEBI news, Public and Private sector bank news, NBFCs and gold lending news at Business Standard.

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